Stand-alone long-term-care insurance policies are becoming more expensive, and many consumers are turning to other ways to pay for the care. Life insurance, annuities and short-term-care policies are among the alternatives becoming more popular, says Jesse Slome of the National Advisory Center for Short-Term Care Information. Financial Advisor online
A new LIMRA study reveals that the support young advisers receive from their firms at the beginning of their careers in financial-services sales greatly contributes to their long-term success. Today's advisers face many of the same challenges as their predecessors. Finding leads, asking for referrals and developing skills to run a…
Payouts for long-term-care insurance claims rose about 4% to $8.15 billion last year, the American Association for Long-Term Care Insurance says. Meanwhile, prices for long-term-care insurance were down as much as 9% in the past year, according to the group's 2016 Long-Term Care Insurance Price Index. InsuranceNewsNet online (2/15)
A report by the nonprofit Bipartisan Policy Center suggests a two-pronged approach to solving the nation's long-term-care woes. It involves a basic "retirement LTC" policy that would cover needs for two to four years and shifting catastrophic costs of more than $250,000 to a public plan run by the federal…
A new LIMRA study reveals that the support young advisers receive from their firms at the beginning of their careers in financial-services sales greatly contributes to their long-term success. Today's advisers face many of the same challenges as their predecessors. Finding leads, asking for referrals and developing skills to run…
President Barack Obama's $4.1 trillion budget proposal contains around $4 billion for five states to test a program aimed at providing long-term-care services more efficiently. McKnight's Long-Term Care News (2/9)
Genworth Financial says it will "separate and isolate" its long-term-care insurance business to narrow its focus. The company also is halting sales of traditional life insurance and fixed annuities. Bloomberg (2/4), The Wall Street Journal (tiered subscription model) (2/4)
A Bipartisan Policy Center report recommends increasing Medicaid long-term-care benefits, offering lower-cost long-term-care insurance plans with reduced benefits, and letting workers older than 45 use retirement savings to purchase long-term-care coverage without penalty. McKnight's Long-Term Care News (2/2)
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